Company Profile For Commercial Bank of Kuwait S.A.K.

Commercial Bank of Kuwait (CBK) is a Kuwait-based financial institution that provides a range of banking and financial products and services to individuals and corporations through a network of 53 branches across Kuwait. The Bank offers its services primarily through two divisions Personal and Corporate Banking. Its Personal Banking division offers checking accounts, on demand accounts, savings accounts, term deposits, loans, CBK cards and remittances. Its Corporate Banking division offers corporate credit, treasury services, international credit and trade finance. CBK also offers other financial and investment solutions through Tijari Private Banking and Tijari Funds units. The Tijari Private Banking unit serves high net-worth individuals by offering conventional banking, financing and leveraging, alternative investments and structured products. The Tijari Funds division manages investment funds, such as Money Market Fund, GCC Equity Fund, Islamic Fund and India Fund.

BRIEF: For the six months ended 30 June 2009, Commercial Bank of Kuwait's total interest income decreased 31% to KWD91.6M. Net interest loss after loan loss provisions totaled KWD16.3M, vs. a profit of KWD36.2M. Net income decreased 99% to KWD894K. Interest income reflects a decrease in loans and advances to banks and customers. Net income suffered from a decrease in dividend income, as well as decrease in gains from investment securities.